Equity Residential (EQR) Insider David S. Santee Sells 12,499 Shares

Equity Residential (NYSE:EQR) insider David S. Santee sold 12,499 shares of the firm’s stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $67.25, for a total transaction of $840,557.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

NYSE:EQR traded up $0.18 during mid-day trading on Friday, hitting $67.48. The stock had a trading volume of 1,105,911 shares, compared to its average volume of 2,023,708. The stock has a market cap of $24.86 billion, a price-to-earnings ratio of 21.56, a price-to-earnings-growth ratio of 3.45 and a beta of 0.40. Equity Residential has a twelve month low of $54.97 and a twelve month high of $70.35. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.85.

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Equity Residential (NYSE:EQR) last issued its earnings results on Tuesday, October 23rd. The real estate investment trust reported $0.60 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by ($0.23). The firm had revenue of $652.87 million during the quarter, compared to analyst estimates of $645.77 million. Equity Residential had a net margin of 26.01% and a return on equity of 6.37%. The firm’s revenue was up 4.6% compared to the same quarter last year. During the same period last year, the business earned $0.37 EPS. On average, equities analysts anticipate that Equity Residential will post 3.26 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, October 12th. Investors of record on Monday, September 24th were issued a $0.54 dividend. The ex-dividend date of this dividend was Friday, September 21st. This represents a $2.16 annualized dividend and a yield of 3.20%. Equity Residential’s dividend payout ratio (DPR) is 69.01%.

Several research analysts have recently commented on EQR shares. Wells Fargo & Co set a $70.00 price objective on shares of Equity Residential and gave the company a “hold” rating in a research note on Thursday, November 1st. Argus raised their price objective on shares of Equity Residential from $70.00 to $71.00 and gave the company a “buy” rating in a research note on Tuesday, October 30th. Deutsche Bank raised their price objective on shares of Equity Residential from $66.00 to $67.00 and gave the company a “hold” rating in a research note on Wednesday, September 5th. Robert W. Baird reissued a “hold” rating and issued a $66.00 price objective on shares of Equity Residential in a research note on Thursday, August 16th. Finally, SunTrust Banks lowered shares of Equity Residential from a “buy” rating to a “hold” rating and set a $71.00 price objective for the company. in a research note on Tuesday, August 14th. Twelve research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $68.69.

A number of large investors have recently modified their holdings of EQR. Boston Partners raised its holdings in Equity Residential by 80.2% in the second quarter. Boston Partners now owns 6,431,486 shares of the real estate investment trust’s stock valued at $409,622,000 after acquiring an additional 2,862,717 shares in the last quarter. BlackRock Inc. raised its holdings in Equity Residential by 6.3% in the second quarter. BlackRock Inc. now owns 38,144,554 shares of the real estate investment trust’s stock valued at $2,429,425,000 after acquiring an additional 2,247,512 shares in the last quarter. Millennium Management LLC acquired a new stake in Equity Residential in the second quarter valued at approximately $103,610,000. Resolution Capital Ltd raised its holdings in Equity Residential by 52.1% in the second quarter. Resolution Capital Ltd now owns 3,579,025 shares of the real estate investment trust’s stock valued at $227,948,000 after acquiring an additional 1,225,200 shares in the last quarter. Finally, Commonwealth Bank of Australia raised its holdings in Equity Residential by 28,372.7% in the second quarter. Commonwealth Bank of Australia now owns 739,721 shares of the real estate investment trust’s stock valued at $47,747,000 after acquiring an additional 737,123 shares in the last quarter. 87.34% of the stock is currently owned by hedge funds and other institutional investors.

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Equity Residential Company Profile

Equity Residential is an S&P 500 company focused on the acquisition, development and management of rental apartment properties in urban and high-density suburban coastal gateway markets where today's renters want to live, work and play. Equity Residential owns or has investments in 304 properties consisting of 78,645 apartment units, primarily located in Boston, New York, Washington, DC, Seattle, San Francisco and Southern California.